Cardano (ADA) Records a Volatile Week; Lost 1.88% Value

• Cardano price has slipped from $0.063 to $0.062 over the last seven days
• It may soon stumble upon the next resistance point at $0.064

Cardano’s last week has witnessed diminish in the value by 1.88%. However, it has not been in a falling mode throughout the week. Over the last seven days, ADA coin has been through multiple ups and downs. It currently trades around 0.062479 USD.

ADA/USD Price Chart

Cardano opened the week on February 12 at $0.063680, and over the initial one day, the price was up by 13.50% and reached the weekly high point of $0.072278. After breaching weekly high, ADA started trading downside gradually and marked a 22.76% price correction that deducted $0.0164. From this low, Cardano regained its momentum and moved upwards. In the last two days, the currency recorded a 14.74% hike and touched $0.064056. However, at the time of writing, the ADA price dropped to $0.062 mark, but the overall trend remains upward one.

Cardano Price Prediction

If we look at the technicals of Cardano, the current price stands at $0.062479, and it is 0.25% more than its 20 days MA ($0.062319) and 0.21% less than the 50 days MA ($0.062611). The RSI of ADA/USD is 51. These figures indicate that the coin might trade in a similar range for some time before showing any steep movements. As per the current trend and ADA price prediction, the coin price will test the next resistance around $0.064.